Are you going through a divorce and own a house? If so, you'll have to decide whether you want to 1) keep your house, 2) have your interest bought out, or 3) sell the house.
If the house is community or marital property, then there is an interest that must be divided. In California a house purchased during the marriage is considered community property (as long as there is no prenup or postmarital agreement directing otherwise) and must be divided in the divorce.
In California, a married couple can choose to sell the house and divide the proceeds or the judge can order the house sold when there's no agreement. If you want to keep your house, then you must come up with a plan to buy out your spouse's interest in it. After you do that you must be prepared to carry the mortgage.
In these circumstances, it is a good idea to run the numbers and make sure you can afford to carry the mortgage after the divorce. If you can, great! If you cannot, don't sweat it...sell the house and understand that you can always buy another house later. You do not want to fall apart or go under over a house. I understand losing your house is difficult to accept but the consequences of not accepting it are harsh. Remember, if you're struggling with the pain of losing your house, many women have gone on to buy another house later down the road after a divorce. I'm praying for you to have GREAT strength!
Best,
Pam
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